Fast China Growth Unlikely Even With Reform Efforts

The Chinese economy is like a bicycle. Ride at an unsustainably high speed and the bicycle will spin out of control. Move too slow and the bicycle will lose momentum and topple over. In the previous week, investors, made impatient from the speculation and the anticipation over the Communist Party plenum, reacted with disappointment at the indefinite wording of the initial communique.

Yet, changes in the existing policy regime require a careful balance of progress and market stability.

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